Taiji Industry provides ¥70m guarantee for semiconductor unit
Wuxi Taiji Industry has provided a new guarantee of ¥70,000,000 for its subsidiary, Taiji Semiconductor (Suzhou) Co., Ltd., to support a new credit line from Jiangsu Bank Suzhou Branch. This new guarantee takes Taiji Semiconductor's total outstanding guarantees from Wuxi Taiji Industry to ¥230,142,100. The guarantee is a joint and several liability.
This latest guarantee falls within the previously approved ¥600,000,000 guarantee limit for 2025, as authorized by the company's 10th Board of Directors' 25th Meeting and the 2024 annual shareholders' meeting. As of the announcement date, the total external guarantees for Wuxi Taiji Industry and its holding subsidiaries amount to ¥750,000,000, representing 8.82% of the company's net assets as per the 2024 audited figures.
Taiji Semiconductor (Suzhou) Co., Ltd. is a wholly-owned subsidiary with strong financial standing, reporting assets of ¥1,015,449,200 and net assets of ¥501,152,700 as of June 30, 2025. The company confirmed that there are no overdue guarantees and this action aligns with its strategic business development, without harming the interests of shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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